1 / 16

BANKIZATION OF RUSSIA AND ECONOMIC GROWTH

BANKIZATION OF RUSSIA AND ECONOMIC GROWTH. Liechtenstein July 2, 2007. Garegin Tosunyan. Commonwealth of Independent States on the World Map. CIS territory – 22,1 mln. sq. km . Population – 279,7 mln. inhabitants The territory of Liechtenstein –

avani
Download Presentation

BANKIZATION OF RUSSIA AND ECONOMIC GROWTH

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BANKIZATION OF RUSSIA AND ECONOMIC GROWTH Liechtenstein July 2, 2007 Garegin Tosunyan

  2. Commonwealth of Independent States on the World Map CIS territory – 22,1 mln. sq. km. Population – 279,7 mln. inhabitants The territory of Liechtenstein – 0,00016mln. sq.km. (160 sq.km.) Population – 0.034 mln. inhabitants (34 thous.) Swiss territory – 0,041mln. sq.km. (41 thous. sq.km.) Population – 7.56 mln. inhabitants Population of CIS countries, mln. inh. • Russia – 142,8 • Ukraine – 46,7 • Uzbekistan – 26,3 • Kazakhstan – 15,2 • Belarus – 9,8 • Azerbaijan – 8,4 • Tajikistan – 6,9 • Turkmenistan – 6,7 • Kyrgyzstan – 5,1 • Georgia – 4,4 • Moldova – 3,9 • Armenia – 3,2 Territory of CIS countries, thous. sq. km .

  3. Russian economy continues to develop Results of the Iquarterof 2007 (in % toIquarter of 2006) Real income of the population + 13 % Industrial production + 8,4 % Real wages + 18,4 % Investments in the fixed capital + 20,1 % 4,5 trln roubles GDP + 7,9 % Consumer prices + 3,4%* export+ 5,3 % USD 71 bln (the share of fuel and energy products makes 78%) Import + 36,8% USD42,4 bln Source: Ministry of Economy * Compared to December 2006.

  4. «Hot Buttons» of the Banking System of Russia FALLING BEHIND terms of credits: credits for enterprises > 3 years in Russia – 28% in EU – 52% supportability: number of banking offices per 100 thous. inhabitants Russia<Austria4-fold <France 3-fold

  5. CIS and Swiss Banks’ Assets

  6. CIS and Swiss Banks’ Capital

  7. Financing Economy Credits to enterprises by maturity RUSSIA EU • Share of long-term credits(> 1 yr) to the economy in the total volume of credits: • In Kazakhstan – 53% • In Ukraine – 67% • In Belarus – 70% • In Russia – 46% • In Austria – 70%(of which> 5 yrs – 57%)

  8. Monetization of Economies Growing money supplydoes not hinder disinflation under sound monetary policy

  9. Assets and Liabilities of the Central Bank of Russia EFFECTIVENESS OF INVESTMENTS Annual interest rate on foreign loans for Russian borrowers makes6 -10%

  10. Sky-rocket of the Private Sector’s External Debt RF external debt as of 01.01.2007 –$309,7 bln.

  11. RequiredReserves Throughout the World • NO RR in: • Canada • Great Britain • New Zealand • Sweden • Australia • …

  12. Required Reserves Ratios in Russia • To expand the financing • of the Russian economy it is necessary to: • low down RR ratios • exclude time deposits from RR calculation

  13. Refinancing Rate as an Instrument of the Monetary Policy

  14. Bankization of Russia • BANKIZATION means: • Increasing capitalization • Reduction of interest rates • Protection of creditors’ rights • Availability of services • Resource base enlargement • Regional infrastructure development • Governance quality improvement • COMPETITIVENESS means: • “Saturation” with credit resources • High capitalization • Availability of Russian financial resources • Low interest rates • Geographical accessibility • Significant middle class • Low inflation

  15. Targets for Competitiveness Growth

  16. Ассоциация российских банков BANKIZATION OF RUSSIA = TO CREDIT, NOT TO DISTRIBUTE www.arb.ru arb@arb.ru +7495 2916630

More Related